Domestic Cotton Prices Continued To Decline Slightly

< p > 12-18 June 2014, the domestic cotton < a href= "//www.sjfzxm.com/news/index_c.asp" > market price < /a > continued small decline, of which the average price of the national cotton price A index (CNCotton A) representing the mainland 2129B grade cotton price is 18163 yuan / ton, compared with last week (June 9-13), it fell 28 yuan / ton; the average price of the national cotton price index (3128B) on behalf of the mainland 3128B grade cotton price was 17365 yuan / ton, down 7 yuan / ton.

< /p >

< p > recently, although the temperature of Xinjiang has picked up earlier than before, it is still lower than the same period in previous years. With the wind and rain, the overall growth is slightly slower than the same period in previous years. The topping time is expected to be delayed. If the weather is not effectively improved in the late period, the output of cotton will decrease, and the new cotton growing in the Yangtze River and the Yellow River Valley is good. However, in recent rainy season, most cotton areas will be raining.

< /p >

< p > reporter understands, domestic a href= "//www.sjfzxm.com/news/index_c.asp" > textile enterprise < /a > operation into the traditional off-season, product turnover has no bright spot, cotton yarn quotation continued to decline slightly, spinning enterprise inventory pressure gradually increased, small and medium-sized enterprises stop rate increased, liquidity is generally nervous, purchasing raw materials to buy and buy with the main.

< /p >

< p > according to the statistics of China's cotton net, as of June 18th, 2013 a href= "//www.sjfzxm.com/news/index_c.asp" > reserve cotton < /a > accumulative total of 1 million 946 thousand and 400 tons, including 1 million 828 thousand tons of domestic cotton and 118 thousand and 400 tons of imported cotton.

< /p >

< p > the cotton production report released by the US Department of agriculture shows that as of June 15th, the cotton planting rate in the United States was 95%, an increase of 1 percentage points compared with the same period last year, and the current bud rate was 14%, an increase of 5 percentage points over the same period last year.

The proportion of growth to above grade level was 51%, an increase of 9 percentage points over the same period, while 2014/15 production and final inventory increased both.

< /p >

< p > industry analysis, as the sales pressure of surplus cotton sales increased significantly in the 2013 year, the ICE warehouse slid is not obvious. The US Texas cotton area is speeding up and the overall growth of the US cotton is better. USDA continues to increase the expected increase in the US cotton output and the ending stocks in the year 2014, and the cotton production in Australia cotton, Brazil cotton and Argentina has been listed and pre sold. The impact of picking up the US cotton has increased, while China's dumping and storage strength has not weakened. Cotton supply is relatively abundant and the choice space is relatively large, so the ICE main force continues to look down.

< /p >

< p > recently, the main cotton producing areas in China are unstable, with frequent rain and wind and new cotton growth.

Textile Enterprises Limited production and shut-down rate increased, the pressure of cotton yarn inventory increased, the enthusiasm of purchasing raw materials in general, cotton city in the short term is difficult to fluctuate significantly.

< /p >